Financial Advisor Rick Parkes Unveils How To Avoid Overpaying For Life Insurance

Financial Advisor Rick Parkes informs life insurance policy holders that they may be paying as much as 70% too much for their life insurance.

PRLog - Apr. 9, 2012 - WINTER PARK, Fla. -- Raleigh, NC. – Financial Advisor Rick Parkes informs life insurance policy holders that they may be paying as much as 70% too much for their life insurance.

The life insurance industry has a standardized pricing system called the Commissioners Standard Ordinary Mortality Rates (CSO). The most recent study was conducted in 2001. Prior to this study, the last prices were calculated in 1980.

“Over this 20 year gap, the table represents a 30 percent reduction in policyholder cost,” said Rick Parkes, co-owner of Diversified Estate Services, LLC. “This reduction could be even higher depending on when your policy was put in place.”

Parkes informs that while the study was done in 1980, the lower prices were not implemented until 1988. Policyholders that bought insurance during the lapsed time period may actually be paying an even higher rate.

“Bottom line, there are a lot of policies that are priced better in the market,” said Parkes. “The best way to ensure against over paying or getting less than you’ve paid for is to get a life insurance policy review completed by a knowledgeable advisor.”

For more information on how Rick Parkes can help, please visit www.desllc.org.

Rick is co-owner of Diversified Estate Services, LLC and Retirement Investment Strategies a comprehensive financial advisory firm. Diversified Estate Services, LLC and Retirement Investment Strategies is a firm that specializes in assisting individuals to gain clarity, balance and focus which empowers them with confidence. He teaches the powerful knowledge of retirement planning to attorneys, CPAs, and the general public.

Rick Parkes industry designations include Life Underwriter Training Council (LUTC) and Certified Retirement Financial Advisors (CRFA). Rick is also a radio talk show host.

Rick's firm is a proud member of the Better Business Bureau with the highest rating A+, where he is pleased to instill customer confidence of nearly 1,000 consumer’s inquiries. Rick is also a member of the National Ethics Bureau, where he successfully passed the Ethics Check System™, a rigorous eight-point background check for criminal, civil, and business violations.

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